Tri Boro First Aid Squad Inc
Tri Boro First Aid Squad Inc experiences fluctuating financial performance with recent deficits, but maintains 0% officer compensation.
EIN: 220062560 · Seaside Park, NJ · NTEE: E62Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $692K |
| Total Expenses | $773K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $691,944. |
| Net Assets | $155K |
| Transparency Score | 85/100 |
Is Tri Boro First Aid Squad Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tri Boro First Aid Squad Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tri Boro First Aid Squad Inc
Tri Boro First Aid Squad Inc (EIN: 220062560) is a nonprofit organization based in Seaside Park, NJ, classified under NTEE code E62Z. The organization reported total revenue of $692K and total assets of $297K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tri Boro First Aid Squad Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tri Boro First Aid Squad Inc is a small nonprofit that has been operating for 53 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $575K |
| Total Expenses | $773K |
| Surplus / Deficit | $-198,049 |
| Total Assets | $430K |
| Total Liabilities | $274K |
| Net Assets | $155K |
| Operating Margin | -34.4% |
| Debt-to-Asset Ratio | 63.8% |
| Months of Reserves | 6.7 months |
Financial Health Grade: C
In 2023, Tri Boro First Aid Squad Inc reported a deficit of $198K with expenses exceeding revenue, holds 6.7 months of operating reserves (strong position), has a debt-to-asset ratio of 63.8% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Tri Boro First Aid Squad Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.5% | +9.6% | -26.8% |
| 2022 | -44.2% | +8.1% | -18.2% |
| 2021 | +37.4% | +0.5% | +40.1% |
| 2020 | -13.1% | +17.3% | +23.6% |
| 2019 | +54.4% | +6.9% | +117.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1973 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Tri Boro First Aid Squad Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Tri Boro First Aid Squad Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $198K, with expenses exceeding revenue.
- Debt-to-asset ratio: 63.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are likely volunteers or compensated through non-officer means, which is highly favorable for a nonprofit of this size with latest revenue of $691,944.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Tri Boro First Aid Squad Inc's IRS 990 filings:
- Expenses exceeding revenue in recent years (e.g., 2023 and 2022)
- Decreasing assets from 2021 to 2023 ($717,375 to $429,656)
- Increasing liabilities over the past few years ($179,449 in 2021 to $274,260 in 2023)
Strengths
The following positive indicators were identified for Tri Boro First Aid Squad Inc:
- Consistent 0% officer compensation across all filings, indicating strong commitment to mission over executive pay.
- Long history of IRS 990 filings (14 filings), demonstrating transparency and compliance.
- Provides essential emergency services (First Aid Squad, NTEE E62Z) to the community.
- Demonstrated ability to generate significant revenue in certain years (e.g., $933,939 in 2021).
Frequently Asked Questions about Tri Boro First Aid Squad Inc
Is Tri Boro First Aid Squad Inc a legitimate charity?
Tri Boro First Aid Squad Inc (EIN: 220062560) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $692K. 3 red flags identified. 4 strengths noted. Financial health grade: C.
How does Tri Boro First Aid Squad Inc spend its money?
Tri Boro First Aid Squad Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Tri Boro First Aid Squad Inc tax-deductible?
Tri Boro First Aid Squad Inc is registered as a tax-exempt nonprofit (EIN: 220062560). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Tri Boro First Aid Squad Inc CEO make?
Tri Boro First Aid Squad Inc's highest-compensated officer earns $691,944. annually. The organization reported $692K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Tri Boro First Aid Squad Inc's spending goes to programs?
Tri Boro First Aid Squad Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Tri Boro First Aid Squad Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Tri Boro First Aid Squad Inc is above average for NTEE category E62Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tri Boro First Aid Squad Inc located?
Tri Boro First Aid Squad Inc is headquartered in Seaside Park, New Jersey and files with the IRS under EIN 220062560. It is classified under NTEE code E62Z.
How many years of IRS 990 filings does Tri Boro First Aid Squad Inc have?
Tri Boro First Aid Squad Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $692K in total revenue.
Is Tri Boro First Aid Squad Inc financially stable?
The organization's financial stability shows fluctuations. While it had a significant surplus in 2021 (revenue $933,939 vs. expenses $652,208), it experienced deficits in 2023 (revenue $575,304 vs. expenses $773,353) and 2022 (revenue $520,820 vs. expenses $705,301), indicating periods of financial strain.
How does Tri Boro First Aid Squad Inc manage its leadership compensation?
Tri Boro First Aid Squad Inc consistently reports 0% officer compensation in all available IRS 990 filings, suggesting that its leadership is either volunteer-based or compensated through means not categorized as officer compensation.
What is the trend in the organization's assets and liabilities?
Assets have fluctuated, peaking at $717,375 in 2021 and decreasing to $429,656 in 2023. Liabilities have generally increased over the past few years, reaching $274,260 in 2023 from $179,449 in 2021.
Filing History
IRS 990 filing history for Tri Boro First Aid Squad Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Tri Boro First Aid Squad Inc's revenue has grown by 12.3%, moving from $512K to $575K. Total assets increased by 2.4% over the same period, from $420K to $430K. Total functional expenses rose by 49.1%, from $519K to $773K. In its most recent filing year (2023), Tri Boro First Aid Squad Inc reported a deficit of $198K, with expenses exceeding revenue. The organization holds $274K in liabilities against $430K in assets (debt-to-asset ratio: 63.8%), resulting in net assets of $155K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $575K | $773K | $430K | $274K | — | — |
| 2022 | $521K | $705K | $587K | $233K | — | View 990 |
| 2021 | $934K | $652K | $717K | $179K | — | View 990 |
| 2020 | $680K | $649K | $512K | $256K | — | View 990 |
| 2019 | $782K | $553K | $414K | $189K | — | View 990 |
| 2018 | $507K | $517K | $191K | $195K | — | View 990 |
| 2017 | $488K | $526K | $211K | $204K | — | View 990 |
| 2016 | $472K | $563K | $204K | $160K | — | View 990 |
| 2015 | $498K | $667K | $247K | $112K | — | View 990 |
| 2014 | $925K | $890K | $415K | $111K | — | View 990 |
| 2013 | $898K | $829K | $382K | $114K | — | View 990 |
| 2012 | $520K | $553K | $312K | $88K | — | View 990 |
| 2011 | $490K | $535K | $361K | $104K | — | View 990 |
| 2010 | $512K | $519K | $420K | $118K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $575K, expenses of $773K, and assets of $430K (revenue +10.5% year-over-year).
- 2022: Revenue of $521K, expenses of $705K, and assets of $587K (revenue -44.2% year-over-year).
- 2021: Revenue of $934K, expenses of $652K, and assets of $717K (revenue +37.4% year-over-year).
- 2020: Revenue of $680K, expenses of $649K, and assets of $512K (revenue -13.1% year-over-year).
- 2019: Revenue of $782K, expenses of $553K, and assets of $414K (revenue +54.4% year-over-year).
- 2018: Revenue of $507K, expenses of $517K, and assets of $191K (revenue +3.8% year-over-year).
- 2017: Revenue of $488K, expenses of $526K, and assets of $211K (revenue +3.4% year-over-year).
- 2016: Revenue of $472K, expenses of $563K, and assets of $204K (revenue -5.2% year-over-year).
- 2015: Revenue of $498K, expenses of $667K, and assets of $247K (revenue -46.2% year-over-year).
- 2014: Revenue of $925K, expenses of $890K, and assets of $415K (revenue +3.0% year-over-year).
- 2013: Revenue of $898K, expenses of $829K, and assets of $382K (revenue +72.6% year-over-year).
- 2012: Revenue of $520K, expenses of $553K, and assets of $312K (revenue +6.2% year-over-year).
- 2011: Revenue of $490K, expenses of $535K, and assets of $361K (revenue -4.3% year-over-year).
- 2010: Revenue of $512K, expenses of $519K, and assets of $420K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tri Boro First Aid Squad Inc:
Data Sources and Methodology
This transparency report for Tri Boro First Aid Squad Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.